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A Good Month for the HSA
I just put another $800 into our HSA. That’s $2000 so far this year - only $3800 to go until we max out the account for 2008. We’re trying to really swing for the fences with our financial goals this year. We made the HSA priority one, and I’m hoping that we can have it maxxed out by April. Then we can move on to the IRAs. Putting $2000 into the HSA in one month is a huge stretch for us. Right now, we’re left with $324 in our checking account. I’ll get a $650 paycheck from the library on the 30th, so that will help, but for now, we’ve put just about everything into the HSA. That’s fine with us though - it forces us to be ultra-frugal with what’s left over.
$2000 is more than 40% of our take-home pay for the month. And we also had our automatic contribution of $100 to the emergency fund and $200 to my husband’s IRA this month. So we’re definitely living the “pay yourself first” rule. I know that we can’t be quite this aggressive every month, but it feels good to get the year started with a savings bang. And it will be great to have the HSA maxxed out early in the year and not have to think about it until 2009. Now to just keep up the momentum…
That’s exceptional! You can use this account for the baby stuff, right?
January 24th, 2008 at 2:28 pm
Thanks Mrs. Micah! We can use it to pay our midwife for prenatal care and birth, which is a huge help, since that’s costing us $3000 that isn’t covered by our insurance policy.
January 25th, 2008 at 9:10 am
Great job with the HSA. We’ve investigated the HSA option ourselves, but with some past medical issues thare require frequent visits for two or our family members we just aren’t sure how well this work for us. Glad to see you guys are taking advantage!
January 28th, 2008 at 8:30 am